2. Russian Imperial Flag 1699--1917 Russian Imperial Flag 1914-1917

8. Free Market Economy (Capitalism)- price driven/incentive drive Command Economy (Communism) Philosopher(s) Ideas Who determines Price? Who determines Supply? Who determines Demand? Adam Smith Karl Marx Hands off, faith in the market, competition leads to improvements- price will allocate scarce resources to their most useful place Class struggle, haves and have not’s, Gov’t Regulation, shared ownership of resources People/competition Government

9. Capitalism vs. Communism Free Market Economy (Capitalism) Command Economy (Communism) Who determines Wages Views on private property? Views on competition? Gov’t influence on the economy? Views on Freedom Inventions/improve GovernmentPeople/competition rewarded Encouraged- through competition- scarce resources that have alternative uses will be allocated to their must useful place Valued- freedom of choice allows for competition Limited- mostly to protect a competitive setting incentives Discouraged- share ownership of resources, the rich are rich because they have taken advantage of others Discouraged Hands on Regulation over choice People lack incentives

28. Film

42. Continue up to stalin Find videos on you tube Create a compare and contrast anaylsis sheet between French and Russian revoltution Bloody Sunday http://www.youtube.com/watch?v=MgOLaRIn Uog http://www.youtube.com/watch?v=sBiW2ztjJB w Rasputin http://www.youtube.com/watch?v=9RK9jvK2k Gk http://www.youtube.com/watch?v=QxAUQnh 8-4o Czar gives up power http://www.youtube.com/watch?v=YSgJaTjiwp s Nov 7 th http://www.youtube.com/watch?v=3EjDNdn_c jc&feature=fvsr

43. Revolution Model 1.Status Quo 2. Strain on the system (forces of Change) 1.Soaring then crashing 2.Class struggle 3.Unhappy intellectuals 4.Incompetent Government 5.Gutless leaders 6.Fiscal Irresponsibility 7.Misuse of military 8.Reduction of Rights 3. Breaking Point – An event or a series of events that serve as final straw and necessitate change 4. Revolution 5. Aftermath Revolution Revolutionaries establish system that goes beyond even original balance 6. Counter revolution- moving closer to original balance